03.08.19
Let Reg BI "Play Out": SEC's Peirce
by: Melanie Waddell
States should wait until the SEC's Regulation Best Interest (Reg BI) is finalized before they move ahead with their own best-interest rules, SEC Commissioner Hester Peirce said Thursday at the IAWatch compliance conference. In separate comments to ThinkAdvisor, Peirce said that it would be preferable in her view for the states to “see how [the SEC] rule comes out and then let's have a conversation about what, if anything else, needs to be done. Let's let our rule play out. The states' input is really important to us and I just hope they keep working with us in this process.”
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